300 Smithfield Rd UNIT P3-21ProvidenceRI02904
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Providence at 300 Smithfield Rd UNIT P3-21, Providence, RI, 02904 listed at $220,000 pairs $1,820/mo rent with a $1,077/mo payment to leave $384/mo cash flow. Total monthly income runs $1,820/mo, and annual cash flow reaches $4,604/yr on $72,930 cash to close. Return on cash invested measures 26.22% in year one, and rental yield registers 9.93% at a $220,000 basis. Equity gained on principal adds $1,420/yr, and annual property appreciation at 5% supports $60,782 by year five. Five-year ROI tracks 137.16% and total cumulative return in cash totals $100,031. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,820/mo property income relative to a $1,077/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02904, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,909 (100%) |
| Owner Occupied HU | 7,560 (50.7%) |
| Renter Occupied HU | 6,589 (44.2%) |
| Vacant Housing Units | 760 ( 5.1%) |
| Median Home Value | $378,322 |
| Average Home Value | $423,426 |
Housing Distribution
Address Breakdown
Residential
14,276
Single Family
10,908
Multi-Family
3,368
Businesses
1,012
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Listed by: Jacquelyn Cinquegrana • Real Broker, LLC
Mls Name: StateWide MLS RI
Mls ID: #1398267